Emerson Electric Co. (NYSE:EMR) Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its holdings in shares of Emerson Electric Co. (NYSE:EMR) by 13.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,545 shares of the industrial products company’s stock after selling 8,908 shares during the period. Emerson Electric comprises about 0.7% of Inspire Investing LLC’s portfolio, making the stock its 19th largest holding. Inspire Investing LLC’s holdings in Emerson Electric were worth $6,119,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EMR. Wellington Management Group LLP raised its stake in Emerson Electric by 12.5% during the fourth quarter. Wellington Management Group LLP now owns 13,435,524 shares of the industrial products company’s stock worth $1,307,680,000 after acquiring an additional 1,488,948 shares during the period. First Trust Advisors LP raised its position in shares of Emerson Electric by 219.2% during the 4th quarter. First Trust Advisors LP now owns 2,601,619 shares of the industrial products company’s stock worth $253,216,000 after purchasing an additional 1,786,583 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Emerson Electric by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,358,796 shares of the industrial products company’s stock worth $259,809,000 after purchasing an additional 355,106 shares during the last quarter. Van ECK Associates Corp boosted its position in Emerson Electric by 6.8% during the 1st quarter. Van ECK Associates Corp now owns 2,106,958 shares of the industrial products company’s stock valued at $238,971,000 after purchasing an additional 134,865 shares during the period. Finally, Clean Energy Transition LLP grew its stake in Emerson Electric by 110.7% during the 1st quarter. Clean Energy Transition LLP now owns 1,885,183 shares of the industrial products company’s stock worth $213,817,000 after buying an additional 990,615 shares during the last quarter. 74.30% of the stock is currently owned by institutional investors.

Emerson Electric Trading Down 0.2 %

Emerson Electric stock opened at $103.70 on Thursday. Emerson Electric Co. has a 1 year low of $83.10 and a 1 year high of $119.53. The firm’s 50 day moving average price is $107.39 and its two-hundred day moving average price is $109.50. The firm has a market cap of $59.33 billion, a price-to-earnings ratio of 5.55, a price-to-earnings-growth ratio of 1.66 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.86 and a current ratio of 1.16.

Emerson Electric (NYSE:EMR) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.01. Emerson Electric had a return on equity of 11.41% and a net margin of 10.12%. The company had revenue of $4.38 billion for the quarter, compared to analyst estimates of $4.44 billion. During the same period in the previous year, the firm earned $1.29 earnings per share. Emerson Electric’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, research analysts predict that Emerson Electric Co. will post 5.48 EPS for the current fiscal year.

Emerson Electric Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Friday, August 16th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Friday, August 16th. Emerson Electric’s payout ratio is 11.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Redburn Atlantic initiated coverage on Emerson Electric in a research note on Monday, July 8th. They issued a “buy” rating and a $135.00 target price on the stock. Royal Bank of Canada reduced their target price on shares of Emerson Electric from $140.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Barclays dropped their price target on shares of Emerson Electric from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 8th. Oppenheimer reduced their price objective on Emerson Electric from $125.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, August 8th. Finally, Wells Fargo & Company lowered their target price on Emerson Electric from $137.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.29.

About Emerson Electric

Emerson Electric Co, a technology and software company, provides various solutions for customers in industrial, commercial, and consumer markets in the Americas, Asia, the Middle East, Africa, and Europe. It operates in six segments: Final Control, Control Systems & Software, Measurement & Analytical, AspenTech, Discrete Automation, and Safety & Productivity.